Global Orange Terpenes Market: Overview
Used across a number of industries, orange terpenes are set to witness an increase in demand over the period 2019 to 2027. The global orange terpenes market, as per Transparency Market Research, will grow at a sturdy CAGR over this period and drive the market higher to a better market worth. It will primarily be driven by growing demand for bio-based materials. Increase in disposable incomes and higher awareness regarding the ill effects of synthetic products is also set to contribute to growth in thus market.
Global Orange Terpenes Market: Competitors Landscape
The highly fragmented vendor landscape of global orange terpenes market is witnessing players directing efforts towards capturing a higher market share over the forecast period. The market is therefore rife with developments that are paving way for future growth in the market.
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Some of the most prominent players that operate here are the following:
· Firmenich
· Florida Chemical Company
· Citrosuco North America, Inc.
· Cutrale Citrus Juices USA, Inc.
· Florachem Corporation
· Citrus and Allied Essences, Ltd.
· Ventos
· Citrus Oleo
· Givaudan Flavors Corporation
· Flotek Industries, Inc.
· Southern Gardens Citrus
· Takasago International Corp.
· De Monchy Aromatics
· Tropicana Products, Inc.
· Vigon International
Geographic expansion is one of the key focus areas of top players present in the global orange terpenes market. To achieve this goal, prominent ones are dabbling with mergers and acquisitions, joint ventures, and collaborations. Capacity building also occurs on the list of strategies.
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Global Orange Terpenes Market: Key Trends and Drivers
Growing demand from certain end-use industries such as cosmetics and personal care is driving the global orange terpenes market on to a high growth curve. There are other varied trends and drivers, which are contributing immensely to the growth in this market. In its upcoming research report, Transparency Market Research delineates these on a granular level. A glimpse into the growth factors is set forth:
· Orange terpenes are completely biodegradable and that makes them sustainable. World over demand for such products is garnering steam. It is a result of growing awareness regarding the harmful impact of non-biodegradable products. This is the reason why the millennial consumer, who is both woke and ready to shell out extra for clean labels, is demanding for such products. This will be a notable growth factor in the market over the forecast period.
· Across the world, demand for cosmetics and personal care products, which are made from natural and organic ingredients, is growing. In some countries, there are stringent regulations against use of synthetic materials. This is leading to notable increase in demand for orange terpenes.
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Global Orange Terpenes: Regional Analysis
Consumption of orange terpenes is high in Europe, making it a leading region in the global orange terpenes market. The market share of Europe would be followed by that of North America in terms of size. One of the most notable factors of growth driving the regional markets on to a high growth trajectory is a keen focus and high adoption of sustainable products.
However, it is significant to note here that in terms of production, Asia Pacific (APAC) region will take lead over the forecast period. Factors supporting this lead are large areas of arable land and increasing production. Demand-wise, however, Asia Pacific comes after North America. Since, Europe and North America consume massive quantities of orange terpenes, exports will be noted in Asia Pacific, creating opportunities of growth in the market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
· Market segments and sub-segments
· Market trends and dynamics
· Supply and demand
· Market size
· Current trends/opportunities/challenges
· Competitive landscape
· Technological breakthroughs
· Value chain and stakeholder analysis
The regional analysis covers:
· North America (U.S. and Canada)
· Latin America (Mexico, Brazil, Peru, Chile, and others)
· Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
· Eastern Europe (Poland and Russia)
· Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
· Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
· A complete backdrop analysis, which includes an assessment of the parent market
· Important changes in market dynamics
· Market segmentation up to the second or third level
· Historical, current, and projected size of the market from the standpoint of both value and volume
· Reporting and evaluation of recent industry developments
· Market shares and strategies of key players
· Emerging niche segments and regional markets
· An objective assessment of the trajectory of the market
· Recommendations to companies for strengthening their foothold in the market
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